Bitcoin (BTCUSDT) – Short-Term Bearish Structure

[nihalsari]

Hi!

The chart shows BTC moving inside a descending channel, with consistent lower highs and lower lows confirming a controlled downtrend. Recent price action attempted to push back into the QML (Quasimodo Level) area, but the reaction there shows clear rejection, suggesting supply remains in control.

Price is now falling toward the lower boundary of the channel, where a short-term bounce is possible. However, unless BTC breaks above the QML zone and the descending trendline, the broader expectation remains bearish.

The projected path suggests:
A drop into the channel low,
A corrective pullback,
And then a continuation lower toward the next major support zone around 89,700 – 89,800.

Overall, momentum and structure both support a bearish continuation unless buyers manage to reclaim the supply zone above.

[Rimon Khan]

Short-term weakness visible—market needs a reset before the next leg.

[Rimon Khan]

Bearish structure forming, but watching for possible bullish reversal zones.